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Sales Tax & Responsible Party Laws 

 

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Understand the liability and risk facing your business & YOU for sales tax non-compliance

Sales tax is a significant revenue source for many states. In fact, according to the Tax Policy Center, it can be the leading source of revenue for many departments, comprising 25-35% of a state's revenue. 

 

With the Wayfair decision, many more businesses are now required to collect and remit sales tax. What these businesses don't realize is that due to responsible party laws, a business itself is not the only one at risk. CEOs, CFOs, Directors and other individuals that have influence over a business's tax and accounting process can be held personally responsible for any sales tax shortfalls according to responsible party laws.